The cryptocurrency market has been buzzing with activity this week, and staying informed is crucial for making informed decisions. Let’s take a deep dive into the latest updates in the market.
### US Market Weekly Update
The US Standard and Poor’s 500 index experienced a slight drop of 0.88% this week. The global market, on the other hand, displayed a mixed performance. While Europe saw a growth of 0.67%, Japan surged by 1.91%, India by 0.85%, and Australia by 0.16%. However, China witnessed a decline of 5.48%, and South Africa fell by 0.34%.
In terms of economic indicators, the US saw fluctuations in various indices. From Pending Home Sales YoY to Chicago PMI, Dallas Fed Manufacturing Index, and S&P/Case Shiller Home Price YoY, the market showed a mix of positive and negative trends.
### Crypto Market Scenario This Week
The total market cap of the cryptocurrency sector witnessed a significant increase from 3.19T to 3.41T, marking a growth of 6.89%. Altcoins also saw a surge in market cap, jumping from 1.34T to 1.47T, an increase of approximately 9.7%. The top ten cryptos index also reported a rise of 11.59%.
### Bitcoin Market Overview
Bitcoin recorded a growth of 5.87% this week, with the price reaching a weekly peak of $98,980.05. Currently, the BTC price stands at $98,023.99, approximately 0.96% below the weekly peak.
### Ethereum Market Scenario Analysis
Ethereum experienced a surge of nearly 7.05% this week, with the price reaching a weekly peak of $3,630.09. As of now, the ETH price stands at $3,591.11, around 1.07% below the weekly peak.
### Top Ten Cryptos: Weekly Performance Review
The top ten cryptocurrencies have shown positive growth in the last week. Apart from Bitcoin and Ethereum, XRP, BNB, Solana, Dogecoin, and Cardano have all seen growth ranging from 3.4% to 25%.
### Trending this Week
PolitiFi, The Boy’s Club, Frog-Themed, Elon Musk-Inspired, and AI Agents are the top trending categories this week. Among cryptocurrencies, Bio Protocol, ai16z, Sui, Virtuals Protocol, and Hyperliquid are trending, with ai16z showing the highest seven-day rise of 75.8%.
### Crypto Category Overview
Different crypto categories have seen varying market cap growth in the last seven days. While meme coins and blockchain services experienced significant growth, CeFi saw a decline of approximately 5.82%.
Stay tuned for more updates on Coinpedia’s Crypto Market Weekly Report for the latest insights into the cryptocurrency market.